Judge Trims Claims In Madoff Feeder Fund Case

Law360, New York (November 15, 2010, 4:11 PM EST) -- The federal judge overseeing consolidated securities litigation against feeder funds for notorious fraudster Bernie Madoff has granted the plaintiffs' bid for voluntary dismissal of their federal securities claims and declined to name an interim lead plaintiff.

Judge Deborah A. Batts of the U.S. District Court for the Southern District of New York ruled Friday that the withdrawal of the federal securities claims negates the possibility for an interim lead plaintiff under the Private Securities Litigation Reform Act of 1995, saying the lead plaintiff will be determined...
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